Multifamily Property Near Central
2704 McMillan Drive Springdale, AR 72762
2704 McMillan Drive, Springdale, AR, 72762
$475,000
For Sale
$475,000
Tenant-occupied multifamily property near Central Jr High and JB Park.
Property Size2,470 SF
Price / SF$192.31
Days on Market250
Property Features for 2704 McMillan Drive
General Information
- Standard status
- Active
- Size
- 2,470 SF
- Property subtype
- Mobile Home
Building Details
- Year Built
- 1983
Listing agency
Red Box Realty
(479) 790-9337
Listed by
Brandi Graham · License #SA00091443
(479) 790-9337
Source
Exitrealty
Added: Nov 14, 2025 Updated: Jul 10 at 12:00PM Checked: Jul 21 at 6:10AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Red Box Realty
Investment Insights
Based on property information with market context.
This multifamily property, with a size of 2470 square feet, is currently tenant-occupied. It is located across the street from Central Junior High and is in close proximity to shopping and JB Park.
Key Highlights
- Tenant occupied (currently leased)
- Across the street from Central Jr High
- Close to shopping
Local Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $38.5k | $15.60 |
| − Vacancy | −$2.8k | −$1.12 |
| EGI | $35.8k | $14.48 |
| − OpEx | −$16.1k | −$6.51 |
| NOI | $19.7k | $7.96 |
2,470 SF · lease $15.60/SF/yr · vacancy 7.20% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$281.0K
$245.8K – $327.8K
NOI $19,667 @ 7.0% cap · market cap 4.14%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$663.0K
$580.1K – $773.5K
NOI $46,409 @ 7.0% cap · market cap 9.77%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Multifamily property - Tenant-occupied multifamily property near Central Jr High and JB Park.
Where is this multifamily property located?
The property is located at 2704 McMillan Drive Springdale, AR.
What is the asking price?
The asking price for this property is $475,000.
What are key features of this property?
This property features: Tenant occupied (currently leased); Across the street from Central Jr High; Close to shopping
